Next Step, Wait for the Panic
So far the market is ignoring the danger. We may cover half of our short position for a bounce trade if we see panic, that would require an RSI of 18.00 or less, the low today is 36.00.
Uncategorized
9/23/21, Things Changed
Please go back and view our post from that day. That was the day that the economic stimulus story changed. Effects caught up with the hype. This would appear to be the end of what really started in 1980 with…Continue Reading →
In My View The Bubble Breakdown has Happened
It started with the interest rate factor on September 23 when the S&P was at 4450 and Nasdaq 100 was at 15294. Today based on the Dollar move I feel we got confirmation on the close. What does that mean…Continue Reading →
Filling in the Blanks plus afternoon update
Today is a good bounce day, it adds one more day to the moving averages, which will make it probable that the next down move will decisively burst the Asset bubble. Today’s up-move in the dollar will add to that…Continue Reading →
The Bubble is Still Intact
While the S&P 500 at the moment at 4370 (at 9:25 AM CDT) is down some 175 points from the all time highs, the fact remains that the Bubble is still intact by my reckoning. While the early indications (SPX…Continue Reading →
Market Analysis 101
As we wait for the other shoe to drop, you may want to go back and take a look at our September 7 blog, “There is no Worry”. These are my views distilled since 1966, over 55 years. Forecast Market…Continue Reading →
What Could go Wrong ?
For a bit of Saturday morning reading please take a look at the Home page listing for “What Could go Wrong? by John Mauldin. It outlines a number of items pertinent to the market at this point. A little backstop…Continue Reading →
It Appears We Got Confirmation of the Bubble Bust Yesterday
At 10:17 AM CDT yesterday our FANG / 10year interest rate chart rolled over and then on the close dropped to 4.18. This morning at 10:08 CDT we are seeing a value of 4.10. Here is the chart from the…Continue Reading →
Hammer Time
Today is the biggest opportunity for hedgers that we have seen in this whole Bubble Play. See chart here for the adjusted FANG stocks, FANG divided by the 10 year rate, number is down big this morning (at 9:00 AM…Continue Reading →
Only One Thing
That you need to keep in mind at this point… And that is by any measure, the stock market is grossly overvalued. You can look at earnings vs price, GDP vs Market Capitalization, etc, all show the same thing. What…Continue Reading →